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Auto Insurance Lowered

February 8th, 2010 at 12:20 pm

Our auto insurance increased six months ago and now has decreased. We will save about $5/month or $30 for six months. It gets confusing when they make changes to premiums even though we did not make any changes ourselves.

When the policy renewal came, it was mentioned that we could sign up for accident forgiveness for less than $1/month. Turns out for us, it is $0.24 per month or $2.88 per year. I decided to sign up. The benefits outway the costs!

We pay for our auto insurance every six months, but save for it each pay day in our escrow account. Right now I put $78 away each payday towards auto insurance and other non monthly bills. You can see our details on Escrow Account page on my sidebar. I'm not going to adjust the savings because of this auto premium change. It just means there will be a little extra available should any other items increase.

How often do you pay for auto insurance? Monthly? Semiannually?

6 Responses to “Auto Insurance Lowered”

  1. monkeymama Says:

    Yay!

    Semiannually here.

  2. dmontngrey Says:

    It's supposed to be monthly over 10 months. They send you the first statement, then there's a $3 fee tacked on to each additional statement that's not paid in full. I learned to outsmart this a long time ago! Double up on the first payment and then pay at least one month's worth each month. Your next bill date gets pushed out one more month and you never actually get "billed" - no fee. Smile Lately I just knock the bill off over 3 or 4 months.

  3. shiela Says:

    annually

  4. Purple Flower's Says:

    I prefer to pay mine semi-annually.

  5. frugaltexan75 Says:

    I pay mine semi-annually.

  6. north georgia gal Says:

    I pay mine monthly. I hope to get to the point where I pay it semi-annually.

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